The CAC 40 Index Opens 0.39% Higher

The CAC 40 rose 0.4% to 8,172 on Thursday, extending gains from the previous session and tracking a broader global rally after the Federal Reserve delivered an expected 25 bps rate hike. While the central bank also signalled at least one more increase this year, Chair Warsh’s reaffirmation of its commitment to curbing inflation helped shore up confidence in its policy stance. Positive market sentiment was also supported by lower bond yields and softer oil prices. On the economic front, investors turned their attention to the final estimate of euro-area inflation. Most stocks traded in positive territory, with notable gainers including Schneider Electric (1.7%), Airbus (1.1%) and Safran (1.5%). In contrast, EssilorLuxottica (-1.7%), Dassault Systèmes (-2.4%) and Engie (-0.8%) were among the few laggards.

The CAC 40 Index is gaining 32 points or 0.39 percent on Thursday. Leading the gains are Stellantis NV (2.83%), Renault (2.16%) and Schneider Electric (1.47%). Top losers are Dassault Systemes (-2.18%), Essilor (-1.69%) and STMicroelectronics (-1.06%).

The CAC 40 Index went up by 50 points or 0.62 percent on Wednesday to close at 8141 points. The rise was led by ArcelorMittal (2.28%), Edenred (2.24%) and ENGIE (1.95%). On the downside, the weakerst performers were Renault (-4.00%), Stellantis NV (-2.97%) and Capgemini (-2.81%).